Policy uncertainty, federal funding cuts, and volatile markets have spurred many investment boards to fixate on liquidity. Take courage: You can sell out of private credit positions—and not just to secondaries funds.

Voya’s co-head of direct infrastructure lending recently spoke to Insurance AUM about the state of renewable generation in 2025. Here are the highlights.

All we want for Christmas is a great 2025 for alts. Looking at the factors in play, we may just get it—more (and bigger) deals, attractive spreads, and a little “Trump bump” here and there.